I have started to enjoy looking for patterns, sure, sometimes they are not there when we think they are, but often they are there when we think they are not. So the closer you look, the easier to see everything is made up of small repeating patterns and frequencies. Sometimes it feels like it might be easy to see in a chart this happens to be one of those times, If any where along these points the fractal changes, we can imagine an inverse correlation, looking at the chart the way I have it now, if we break the larger triangles and outside of the pattern the price will fall, if it turns above in any of these fractals it will likely turn up. Today was a great example of that.
What I love about charting is the infinite games of learning these represent, to understand constantly we might be wrong and be prepared enough to take advantage of every positive or negative outlook simply by paying attention. Hope this makes sense, as I am fascinated by the emotional factors that are universally at play when we are charting "technically"
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The second red line is where support is found, id we break down here, and below we are headed down to around 8k
@BJKTrader, Working to learn more about how this always works- I am such and A or B type of trader investor, Follow the trends as they say! Thank you for the support